There are now 813 billionaires with $5.7 trillion in wealth, making the ten-figure club even more powerful economically and politically. We need a progressive taxation system to reverse inequality.
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New York has created new billionaires ... during the pandemic. Those who have profited from the pandemic should pay back.
Voters were also in favor of taxing the rich and making it legal to smoke weed.
AOC’s advocacy of a tax rate of 70-80 percent on very high incomes, is obviously crazy, right? Who thinks that makes sense? Only ignorant people like - Peter Diamond, Nobel laureate in economics, arguably the world’s leading expert on public finance
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A FTT is an efficient and progressive revenue source. The rise of finance has been largely at the expense of other economic sectors, and that a well-designed FTT is also a very useful tool for shrinking the unproductive parts of this sector.
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